- BUA Foods owned by Abdulsamad Rabiu’s is now the most profitable consumer firm in the country
- This is coming just over a year after it was listed on the Nigerian Exchange as one of the 21 consumer goods publicly traded companies
- Checks show that Nigeria’s second richest man has a huge 89.85 percent direct shareholdings in BUA Foods
BUA Foods Plc, is now Nigeria’s most profitable consumer goods after recording net profit after tax of N95.18 billion in the first half of 2023.
This represents a massive 142.21 percent increase compared to N39.30 billion reported in the same period of 2022.
